Profit From Their Mistakes: The RV Park Cheat Code

How do you acquire a $4.1 million, 122-pad RV park that has been completely rejected by traditional banks? You structure the deal with Seller Finance! In this commercial real estate case study, we travel to Smith River RV Park in Virginia to meet up with SubTo leader Ella Goren, who is in the middle of a massive due diligence period. The seller recently converted this park from short-term recreation to long-term workforce housing, making it highly profitable - generating $800k in revenue and $400k in Net Operating Income. But because the park has no long-term historical financials, traditional bank financing was completely impossible. We break down exactly how Ella negotiated a 5-year Seller Finance note at 5.25% interest, and how she plans to raise $1.3 million to cover the down payment, closing costs, and a massive CapEx budget. But the most valuable part of this video happens when we walk the park and strike up a conversation with the tenants. We uncover a massive "cheat code" to keeping an RV park 100% full using local union stewards and government contractors! Follow Ella   / ella.goren   ► You don't need 100 houses to quit your day job. You just need one good small deal (like a 4-plex). Join my FREE live training September 11-14 to learn how beginners are actually doing it. Register here: http://link.thebiggestchallengeever.com ► Get Pace’s new eBook "SubTo A to Z" and learn how to buy real estate without cash, credit, or banks - step by step from deal to close: https://subto.sjv.io/DyxqBG ► Join The SubTo Community & Learn Creative Finance Directly from Pace: ✌🏼 https://subto.sjv.io/6yDGaQ ► 🐊 Learn How to Make Money on Other People's Deals - Join the FREE Live Training: https://gator.sjv.io/OeW1NZ ► See How to Talk to Agents and Pitch Creative Finance with Pace’s eBook "Heroes of the Hustle!": https://subto.sjv.io/xL1NL3 ► Overcome the Top 4 Seller Objections with Pace’s eBook "SubTo Seller Spells!": https://subto.sjv.io/jeYxvb ► Close Faster with Creative Solutions: https://getcreativetitle.com/paces-yo... ► Join Our Free Facebook Group to Connect with Pace and his Students: https://paceapproves.com/freefb-yt ► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions: https://toptiertc.pxf.io/2aJKP0 ► Subscribe To My Other Channels:    / @subtofficial      / @thepacemorbyshow   ► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success: https://getcreativepodcast.com ► Get Your Bank Account with Relay: https://join.relayfi.com/partner/pace... ► All of Your Marketing Needs in One Place: https://www.gohighlevel.com/pace?utm_... 🔌 PLUG IN & SUBSCRIBE 🔌 Instagram:   / pacemorby   TikTok:   / pacemorby   ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖ ⚠️ #CreativeFinance #Investing #Wealth #RealEstateInvesting #SubjectTo #HowToGetStartedInRealEstate ⚠️ 🚧🚧🚧 DISCLAIMER 🚧🚧🚧 Pace is not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a YouTube video for entertainment purposes ONLY.